Latest Exploration Risk News

Zeus Resources has identified multiple high-priority antimony targets at its Casablanca Project in Morocco, with geophysical surveys revealing anomalies extending beyond 200 meters depth. These findings set the stage for imminent trenching and drilling programs aimed at confirming substantial mineralisation.

Infini Resources has initiated its maiden field program at the Reynolds Lake Uranium Project in Canada’s Athabasca Basin, aiming to advance exploration targets ahead of a potential 2026 drill campaign.

GreenX Metals has identified the Mid-European Crystalline Zone beneath the historic Richelsdorf copper mines in Germany, revealing a likely primary source of copper mineralisation and significantly boosting exploration potential at its Tannenberg Project.

Bayan Mining and Minerals Limited has launched a pro-rata non-renounceable entitlement offer of Loyalty Options to existing shareholders, aiming to raise $33,319 initially with potential future capital of $2.5 million if options are exercised. The offer highlights shareholder rewards alongside significant risks including dilution and geopolitical factors.

Havilah Resources has reported its highest-grade hard rock uranium discovery to date at the Johnson Dam prospect, revealing significant multi-metal mineralisation near its Kalkaroo deposit.

Noronex Limited has confirmed deeper, higher-grade copper mineralisation at its Fiesta Project in Namibia through diamond drilling, setting the stage for a substantial 7,000m Reverse Circulation drilling campaign funded by South32.

Platina Resources has acquired a 100% interest in the Mt McKenna Gold Project in Western Australia’s Laverton district, a region known for multi-million-ounce deposits. Early exploration results and strategic location near major mines set the stage for an aggressive drilling campaign.

Ballymore Resources’ recent heli-borne electromagnetic survey at the Maniopota prospect within the Ruddygore Project has revealed 29 strong conductive anomalies linked to polymetallic mineralisation, setting the stage for a significant drilling campaign in 2025.

Middle Island Resources Limited (ASX, MDI) is set to acquire Konstantin Resources Ltd, unlocking a 620 km² copper-gold exploration portfolio in Serbia’s prolific Western Tethyan Belt, supported by a $3.4 million placement to accelerate exploration.

Enova Mining has completed its first systematic geochemical sampling at the Santo Antônio do Jacinto project in Brazil, marking a significant step in exploring rare earth elements in a promising greenfield area. Assay results are expected by the end of September, setting the stage for targeted follow-up exploration.

Aurum Resources has inked a deal to acquire a significant stake in Major Star Plus Sarl, expanding its gold exploration footprint around its flagship Boundiali and Napié projects in Côte d'Ivoire. The staged earn-in agreement offers Aurum up to 87% interest in key permits, setting the stage for accelerated exploration and potential resource growth.

Perpetual Resources has launched a prospectus to enable trading of new options issued alongside a recent $1.6 million placement, aiming to unlock liquidity while outlining key risks for investors.